A Responsibility Center Has a Manager Assigned to Lead the Unit,taking

question 110

Multiple Choice

A responsibility center has a manager assigned to lead the unit,taking responsibility for the unit's operations and resources,and the unit may be called a

• A)department.
• B)division.
• C)segment.
• D)All of these.

---

Definitions:

Equity Investments

Investments in shares of other companies that grant the holder ownership interests or stakes in the entities.

ASPE

Accounting Standards for Private Enterprises; a set of accounting practices and principles for private companies in Canada.

Accounting Standards

Officially recognized principles and rules that guide how financial statements are prepared and presented.

Privately Held Companies

Businesses whose shares are not traded on public stock exchanges and are usually owned by the company founders, management, or a group of private investors.